FAOAX vs. FISZX
FAOAX (Fidelity Advisor Overseas Fund Class A) and FISZX (Fidelity SAI International SMA Completion Fund) are both Foreign Large Cap Equities funds from Fidelity. Over the past 5 years, FAOAX returned 2.49%/yr vs 7.02%/yr for FISZX. Their correlation of 0.87 means they have usually moved in the same direction. FAOAX charges 1.43%/yr vs 0.00%/yr for FISZX.
Performance
FAOAX vs. FISZX - Performance Comparison
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Returns By Period
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -0.36%
- 3Y*
- 7.62%
- 5Y*
- 2.49%
- 10Y*
- 7.41%
- ALL TIME*
- 5.44%
FISZX
- 1D
- 3.18%
- 1M
- -4.52%
- 6M
- 12.37%
- YTD
- 20.57%
- 1Y
- 36.21%
- 3Y*
- 19.22%
- 5Y*
- 7.02%
- 10Y*
- —
- ALL TIME*
- 10.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FAOAX vs. FISZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 12.17% |
FISZX Fidelity SAI International SMA Completion Fund | 20.57% | 31.77% | 3.61% | 15.83% | -28.32% | 9.91% | 23.49% | 13.42% |
Correlation
The correlation between FAOAX and FISZX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019 | 0.87 |
Over the past year, the correlation between FAOAX and FISZX has dropped to 0.43 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
FAOAX vs. FISZX — Risk / Return Rank
FAOAX
FISZX
FAOAX vs. FISZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class A (FAOAX) and Fidelity SAI International SMA Completion Fund (FISZX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FAOAX | FISZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.28 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 2.39 | -2.73 |
| Martin ratioReturn relative to average drawdown | -0.52 | 8.11 | -8.63 |
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Drawdowns
FAOAX vs. FISZX - Drawdown Comparison
The maximum FAOAX drawdown since its inception was -60.03%, which is greater than FISZX's maximum drawdown of -39.92%. Use the drawdown chart below to compare losses from any high point for FAOAX and FISZX.
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Drawdown Indicators
| FAOAX | FISZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.03% | -39.92% | -20.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.29% | -14.48% | +7.19% |
Max Drawdown (3Y)Largest decline over 3 years | -13.99% | -14.63% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -36.50% | -39.92% | +3.42% |
Max Drawdown (10Y)Largest decline over 10 years | -36.50% | — | — |
Current DrawdownCurrent decline from peak | -5.87% | -9.06% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -14.52% | -12.20% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 4.26% | +0.23% |
Volatility
FAOAX vs. FISZX - Volatility Comparison
The current volatility for Fidelity Advisor Overseas Fund Class A (FAOAX) is 0.00%, while Fidelity SAI International SMA Completion Fund (FISZX) has a volatility of 7.93%. This indicates that FAOAX experiences smaller price fluctuations and is considered to be less risky than FISZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAOAX | FISZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 7.93% | -7.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 20.56% | -20.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.67% | 22.62% | -14.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 18.72% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 18.73% | -2.45% |
FAOAX vs. FISZX - Expense Ratio Comparison
FAOAX has a 1.43% expense ratio, which is higher than FISZX's 0.00% expense ratio.
Dividends
FAOAX vs. FISZX - Dividend Comparison
FAOAX's dividend yield for the trailing twelve months is around 8.54%, more than FISZX's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
FISZX Fidelity SAI International SMA Completion Fund | 1.60% | 1.92% | 2.55% | 1.89% | 1.37% | 6.08% | 0.90% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAOAX and FISZX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FISZX has higher volatility (7.93%) compared to FAOAX (0.00%). In terms of maximum drawdown, FAOAX dropped -60.03% vs FISZX's -39.92%.
FISZX currently has the higher Sharpe Ratio (1.53 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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